We know exactly how to create a minimum viable product. We know that MVP success depends first on choosing an effective strategy and analysis, and then only on product development. We will help you go through such stages as concept creation, choosing the right team, or testing and prototyping.
We know that you want to launch your product quickly. Well-prepared MVP will help you to find future investors for futher development of the product.
We've built over 20 MVP prototypes that raised over 80M EUR in funding.
Market research is the basis of every successful project. If you don't want to go bankrupt - analyze. Make sure your minimum viable product will be exciting and helpful to users. Ask yourself:
To understand how to build an MVP, every business owner should analyze their project by answering the following questions:
Then determine the success criteria for your product, which will be the determinant of success. If all the answers are found, you will have a clear picture of the product's main features. Once you have defined the problems and pain points (and their solutions) in Product Strategy Workshops, you can create the MVP version of your future product.
When creating an MVP for a startup, you definitely need to provide a defined list of features to the software company to help you with the project. So write down all the necessary components of your upcoming application. Re-analyze as well as then leave only those features that will be necessary to create a minimum viable product concept. MVP means you don't have to implement complex frameworks and fancy design right away. So take one step at a time:
To create a profitable and attractive product for users and investors, you should find a golden means to get a professional and lean product.
You should not overload your MVP functionalities. It should be high-quality, with every bug fixed on time to avoid failure at the very beginning. Moreover, it must attract customers with its ease of use and solve their fundamental problems.
When building an MVP, remember the most important rule: develop a well-balanced product according to your customers' wishes.
Startup founder usually has funds for initial product development but need investors who would enable further product features development with financial support. MVP, in this case, is an ideal solution that frees the owner from the need to build the application to the end before checking the interest of customers and investors.
As she is a scale-up owner,s he has experience in building products, this is another project. She also has the resources to fund the development. However, he needs specific data related to product viability, costs, and technologies used.
MVP satisfies this need. Through thorough market research, learning about user needs, and ideas for solving their problems, she gains an accurate picture of the situation. Thanks to testing and analysis, she is fully aware of functionalities that should be implemented and costs. By analyzing the professionalism of the specialists involved, she is sure of the success of his project.
He cares about the technological development of the company. As he has a big responsibility for the quality of the project, he needs knowledge about every detail of the project and support rules. Recognizes the need for fast action to keep up with smaller, more agile competitors, builds the product mostly outside the company walls, working with an experienced agency.
MVP stands for Minimum Viable Product, which means a product that contains only basic features that solve customers' problems. Everything else can be developed after analyzing customer feedback.
The goal is to verify customer feedback about the product and draw conclusions based on user feedback. MVP is a way to get the product up and running quickly and understand what needs improvement.
You need to base the cost of MVP development on your business goals and project requirements. It can change drastically depending on the project.
Below you will find the stages of MVP development:
On average, the time of building MVP is between 3-5 months.
You avoid the risk that your startup will fail because of a lack of market demand. MVP will help you fully understand what your customers need from the beginning to the end product. It will help you to present the product quickly to your investors.
We evaluate the result after every two weeks, we test our work (we conduct both development and acceptance tests). Each time we present it to you and apply your feedback so you know you get what you are paying for. You can read more in How we do IT section.
When it comes to preparing an IT project there is no place for half measures. We prepare an MVP as a Proof of Concept. It helps us examine if the concept is feasible to realize from tech and business perspective and gives us an idea on how the product should be further developed. We are also experienced in working with enterprise Clients, and we can fully adjust to your technical requirements and specification being a part of your organisation.
Yes, of course, we often work as outsourced development teams. Depending on your project needs, our developers can join your internal team and start working with them. We can also support your team in e.g. closing your pending backlog tasks. The form of cooperation depends on you.
Talk us about your project. We will get back to you within the next 48hrs.